Mitigating Risks is a strategy that we would use when it is not
possible to avoid a risk.
Definition: Mitigation is a strategy by which â€“ We reduce the Probability and/or Impact of a risk to an acceptable level.
The whole idea about this Risk Mitigation strategy is to be proactive and dealing with a risk before it actually occurs. This would be much cheaper and cost effective than handling the risk once it occurs. Remember the age old saying â€œPrevention is better than cureâ€. Though we arenâ€™t preventing or eliminating the risk altogether, we are at least preparing ourselves to handle it in the best way possible instead of just reacting once the risk event actually occurs.
Did Bill Nye go to jail?
Who is your role model?
Who would you swap lives with for a day?
A farmer has 19 sheep All but 7 die How many are left?
What is the adverb in the sentence she slept late on Tuesday morning?
How many times can 8 go into 72?
Which is the verb in this sentence - it is such a nice day?
What do prokaryotes and eukaryotes have in common?
What should I know about coronavirus?
What does contingent mean in real estate?
How many stars are in the Big Dipper?
What is the one food you could eat for the rest of your life?
What does a red flag mean on the beach?
What's the weirdest state symbol?
What is OK short for?
Is it possible to die of a broken heart?
Why is saw dust used in refractive index of liquid experiment
Who are the last five people to host the Oscars
Who or what part did Barbara Spear Webster play on Murder She Wrote
Ano ang mensahe ng isang alaala sa aking bayan ni jose rizal
What is the English word for maram oru varam
Does jimmy capps have children
Mga kasabihan tungkol sa pakikinig